India's ambition to be counted as a developed country in the not-so-dlstant future will find justification on many counts. The World Bank has estimated India's current gross domestic product at $2,067 trillion. The big challenge is to improve efficiency in resource use, Including human capital. But where does our century-old steel industry fit in the country's march towards a developed economy? Since a precondition to becoming a developed economy is to have a world class infrastructure, the building of which will require supply of large volumes of steel on a sustainable basis.
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